440C is like vanilla. Once the most premium of flavors, now so commonplace that it is fashionable to disparage. People come back to it again and again, but it gets no love.
Would I rather have PM steel? Yes. But I live amid suburban civilization these days. Who GAF what steel I think I need to survive? It isn’t relevant. On the other hand? You’d be hard pressed to name a modern steel that has been proven anywhere near as well in survival situations as 440C. And if I were in one of those and came across my choice of knives, 440C and S110V? It isn’t a question of which I am going to take, as the answer would be ‘both’ (duh) but I will say this: I would be extremely glad to see that 440C knife.